Gladius Commodities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New Age has signed a definitive conditional agreement to transfer all its participating interests in the Etinde permit to Perenco.

March 15, 2021 The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here. Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA The Federal Government has provisionally awarded tenders to develop 57 of its marginal oilfields, which could net the government $500 million in signature bonuses. The Department of Petroleum Resources sent out provisional award letters requesting payment within 45 days to secure the awards, which companies can for the first time pay in either dollars or naira. Marginal fields are...

March 1, 2021 The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here. Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA The Minister of State for Petroleum Resources H.E. Timipre Sylva performed the inauguration of the Federal Government’s National Gas Expansion Program in Ado-Ekiti, Ekiti as part of its efforts to make gas an alternative energy source for industrial, transportation and domestic use. Minister Sylva described the program as an example of using the gas value chain as a catalyst fo...

Gas flaring in the country has been reduced to a very minimal level of 8%, due to programs put in place.

February 15, 2021 The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here. Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA The Federal Government of Nigeria launched the Nigerian Upstream Cost Optimization Program, which is aimed at boosting industry collaboration and process enhancement, according to Minister of State for Petroleum Resources, H.E. Timipre Sylva. The program aims to cut down the cost of crude oil production to $10 per barrel as a reduction of oil extraction costs remains pivotal to...